Section 185QA — Bankruptcy Act 1966: Terminating a debt agreement—designated 6-month arrears default

(1) If: (a) the administrator of a debt agreement notifies the Official Receiver that a designated 6-month arrears default by the debtor has occurred; and (b) the Official Receiver is satisfied that the designated 6-month arrears default has occurred; the Official Receiver must: (c) declare in writing that the agreement is terminated; and (d) record the declaration on the National Personal Insolvency Index. (2) The debt agreement is terminated when the declaration is recorded on the National Personal Insolvency Index.